A new piece from the Chronicle of Higher Education unveils the broad strokes to dismantle the Perkins Loan Program, a very important piece of the adult learner puzzle, hindering the availability of funds for education across many social groups.
As Congress works to reduce the deficit, advocates might have to give up many of the program’s desirable features—a low interest rate, an in-school subsidy, and loan-forgiveness options—to preserve the program. “We’re facing a very difficult series of choices in the next several months,” said James Kvaal, deputy under secretary of education. In a perfect world, he said, the department could maintain all of the loan’s current terms and support the maximum Pell Grant, but in reality there will have to be tradeoffs. (http://chronicle.com/article/College-Presidents-Pull/127918/?sid=at&utm_source=at&utm_medium=en)
College presidents are seeking help to advocate for the preversation of this important fund.
See the full article here.